The Home Depot, Inc. (NYSE:HD) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,167 shares of the home improvement retailer's stock after purchasing an additional 1,720 shares during the quarter. Home Depot comprises about 1.0% of KG&L Capital Management LLC's portfolio, making the stock its 25th biggest holding. KG&L Capital Management LLC's holdings in Home Depot were worth $2,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Navigoe LLC acquired a new stake in Home Depot in the fourth quarter worth about $29,000. Quarry LP lifted its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC acquired a new stake in Home Depot in the fourth quarter worth about $39,000. NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares during the period. Finally, Spurstone Advisory Services LLC acquired a new stake in Home Depot in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Gordon Haskett upped their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

Shares of HD opened at $363.70 on Friday. The company has a market capitalization of $361.85 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 3.44 and a beta of 1.02. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The business's 50-day moving average is $363.28 and its 200-day moving average is $378.21.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the company earned $3.63 EPS. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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